Description

AGREEMENT FOR CONSTRUCTION OF BUILDING BETWEEN THE OWNERS AND THE CONTRACTORS ON TURNKEY BASIS

• This is a "Readymade Format for Agreement for Construction of Building Between Owner & the Contractors on Turnkey Basis".
• Legally required caluses are already in agreement Format in addition to, if is required then you can add or remove the conditions.
• An agreement for the construction of a building between an owner and contractors on a turnkey basis is important for several reasons.
• First, it helps to clearly define the responsibilities and obligations of each party involved in the construction project. This includes details such as the scope of work, timelines, and budget.
• Second, it can help to mitigate potential disputes or misunderstandings that may arise during the construction process. By having a clear agreement in place, both parties can refer back to the terms and conditions outlined in the agreement in case of any disagreements.
• Third, it ensures that the building is completed and handed over to the owner on a "turnkey" basis, which means that the contractor is responsible for completing all aspects of the construction, including design, construction, and commissioning, and delivering the building ready for use.
• "construction agreement"
• "turnkey basis"
• "owner-contractor agreement"
• "building construction"
• "scope of work"
• "timeline"
• "budget"
• "dispute resolution"
• "liability"
• "commissioning"